XML 21 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 16 - Supplemental information:
 12 Months Ended
Dec. 31, 2011
Additional Financial Information Disclosure [Text Block]
16. Supplemental information:

(a)           The following is a summary of the Company’s revenue earned from each significant revenue stream:

   
Year ended December 31,
 
   
2011
   
2010
   
2009
 
OpenSRS:
                 
Domain Services
  $ 76,201,058     $ 64,977,121     $ 59,248,732  
Email Services
    2,603,333       2,325,253       3,636,866  
Other Services
    4,821,108       4,368,781       4,425,940  
Total OpenSRS Services
    83,625,499       71,671,155       67,311,538  
Yummy Names
    6,119,569       6,123,708       6,623,292  
Hover
    5,263,118       4,559,833       4,970,635  
Butterscotch
    2,056,781       2,223,809       2,033,747  
    $ 97,064,967     $ 84,578,505     $ 80,939,212  

During the years ended December 31, 2011, 2010 and 2009, no customer accounted for more than 10% of total revenue. As at December 31, 2011, one customer accounted for 16% of accounts receivable, as at December 31, 2010, three customers accounted for 35% of accounts receivable, while as at December 31, 2009, one customer accounted for 11% of accounts receivable.

(b)           The following is a summary of the Company’s cost of revenues from each significant revenue stream:

   
Year ended December 31,
 
   
2010
   
2010
   
2009
 
OpenSRS:
                 
Domain Services
  $ 63,491,432     $ 54,087,893     $ 48,202,033  
Email Services
    311,628       425,836       546,455  
Other Services
    1,616,856       1,570,481       1,622,086  
Total OpenSRS Services
    65,419,916       56,084,210       50,370,574  
Yummy Names
    746,586       817,290       847,269  
Hover
    1,881,063       1,527,727       1,925,188  
Butterscotch
    40,822       65,622       44,886  
Network, other costs
    4,837,650       4,648,899       4,748,189  
Network, depreciation and amortization costs
    836,045       1,331,576       1,789,987  
    $ 73,762,082     $ 64,475,324     $ 59,726,093  

(c)           The following is a summary of the Company’s property and equipment by geographic region:

   
Year ended December 31,
 
   
2011
   
2010
 
Canada
  $ 1,027,122     $ 1,041,692  
United States
    390,231       510,657  
Germany
    20,211       —  
United Kingdom
    —       —  
    $ 1,437,564     $ 1,552,349  

(d)           The following is a summary of the Company’s amortizable intangible assets by geographic region:

   
Year ended December 31,
 
   
2011
   
2010
 
Canada
  $ 1,732,900     $ 2,621,160  
United States
    —       57,600  
Germany
    1,579,120       —  
    $ 3,312,020     $ 2,678,760  

(e)           The following is a summary of the Company’s deferred tax asset, net of valuation allowance, by geographic region:

   
Year ended December 31,
 
   
2011
   
2010
 
Canada
  $ 6,880,377     $ 4,155,600  
    $ 6,880,377     $ 4,155,600  

(f)           Valuation and qualifying accounts:

   
Balance at
beginning year
   
Charged to
(recovered)
costs and
expenses
   
Write-offs
during year
   
Balance at
end of year
 
Allowance for doubtful accounts, including provision for credit notes
                       
2011
  $ 65,000     $ (2,585 )   $ —     $ 62,415  
2010
  $ 115,000     $ (50,000 )   $ —     $ 65,000  
2009
  $ 125,000     $ (10,000 )   $ —     $ 115,000  
                                 
Valuation allowance for deferred tax asset:
                               
2011
  $ 3,655,070     $ (3,655,070 )   $ —     $ —  
2010
  $ 4,251,000     $ (595,930 )   $ —     $ 3,655,070  
2009
  $ 10,765,000     $ (6,514,000 )   $ —     $ 4,251,000